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Analysis of BTC/USD for 4h

2/5/2025

Analysis of BTC/USD for 4h

Analysis of BTC/USD

Based on the provided data for the BTC/USD pair on a 4-hour interval:

1. **Price Movement**: The price of Bitcoin against the US Dollar has been fluctuating within a range. The closing prices have been varying between approximately $97,395 and $100,711.

2. **Relative Strength Index (RSI)**: The RSI values have been hovering around 40-48, indicating a neutral to slightly bearish sentiment in the market. There is no extreme overbought or oversold condition based on RSI.

3. **Moving Average Convergence Divergence (MACD)**: The MACD histogram has been positive, indicating some bullish momentum. However, the MACD line has been below the signal line, suggesting a potential bearish signal.

4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) have been relatively close to each other, indicating a consolidation phase in the market.

5. **Price Levels**: The price has been struggling to break above the $100,000 psychological level, facing resistance around $100,538. Support levels seem to be holding around $97,000.

In conclusion, the market for BTC/USD on a 4-hour interval appears to be in a consolidation phase with a neutral to slightly bearish bias. Traders may look for a breakout above $100,538 for a bullish continuation or a breakdown below $97,000 for a bearish reversal.

MACD of BTC/USD

This is not investment advice. Remember to verify the information provided here.

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